Question 1

Can I buy a home in Watsonville with just an ITIN?

Accepted Answer

Yes. An ITIN replaces the SSN for mortgage qualification. You still need documented income, credit history, and a down payment.

Question 2

Do I need a green card to qualify for an ITIN loan?

Accepted Answer

No. ITIN loans don't require a green card or citizenship. Legal residency documentation requirements vary by lender.

Question 3

How much do I need for a down payment?

Accepted Answer

Most ITIN lenders require 10–20% down. Rates vary by borrower profile and market conditions.

Question 4

What if I have no U.S. credit history?

Accepted Answer

Some lenders accept alternative credit like rent or utility payments. Ask us which lenders allow this before assuming you don't qualify.

Question 5

How long does it take to close an ITIN loan?

Accepted Answer

Non-QM loans like ITIN products often take 30–45 days. Having clean tax returns and income docs ready speeds things up significantly.

Question 6

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.

ITIN Home Loans in Watsonville, CA